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Dec 13, 2012
12/12
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cliff business. but until the republicans realize this, are willing to do what is right, we are going nowhere. more than three-quarters of americans, including 61% of republicans, believe it's fair to ask the top 2% to give a little more to avoid a fiscal cliff. and nearly two-thirds of those polled, including many who didn't vote for president obama in november, say that he has a mandate to reduce the deficit by raising taxes on the wealthy. mr. president, we on the democratic side are going to recognize that seven of our senators are retiring. that's really unfortunate. that's the decision they have made and it's, as i've indicated on more than one occasion, parting is sweet sorrow. we had a celebration last week and talked about those seven senators, and it was really a wonderful evening. so i've come here to the senate floor to talk about these individual senators. today i'm going to talk about senator herb kohl. herb kohl had to overcome adversity to become a united states senator. the history o
cliff business. but until the republicans realize this, are willing to do what is right, we are going nowhere. more than three-quarters of americans, including 61% of republicans, believe it's fair to ask the top 2% to give a little more to avoid a fiscal cliff. and nearly two-thirds of those polled, including many who didn't vote for president obama in november, say that he has a mandate to reduce the deficit by raising taxes on the wealthy. mr. president, we on the democratic side are going...
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Dec 11, 2012
12/12
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two host: we are talking about businesses and the fiscal cliff. we have a fourth line set aside for business owners. we want to hear from you as well. dave is a republican in cincinnati, ohio. welcome to the conversation. caller: hi. guest: hi. caller: is this jim doyle? guest: yes it is. caller: it is a little different than watching it on television. guest: i'm staring at the camera and pretended it is you. caller: all three of the segments this morning had to do with the fiscal cliff, so i feel i hit the trifecta. my question has to do with each segment. if i could ask the first segment if you could pose this question to the other two guests at in the other two segments. my question is a lot of people, whether they are on tv or politically or in the newspaper, they have forgotten about 21 new taxes coming up january 1 for relating to obamacare -- i'm sorry, the health care system. this affects all americans, not just high earners or poor people. and my question is, how does this affect the 12 taxes put are going to be on all americans and nine
two host: we are talking about businesses and the fiscal cliff. we have a fourth line set aside for business owners. we want to hear from you as well. dave is a republican in cincinnati, ohio. welcome to the conversation. caller: hi. guest: hi. caller: is this jim doyle? guest: yes it is. caller: it is a little different than watching it on television. guest: i'm staring at the camera and pretended it is you. caller: all three of the segments this morning had to do with the fiscal cliff, so i...
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Dec 7, 2012
12/12
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. >> we've all heard about this fiscal cliff. that's the convergence of higher tax rates and, of course, all the spending. >> both parties, democrats and the republicans need to come together. >> the our three branches of government, and congress, and the president are equal. and pretty much neither one has the right position for the country. >> i know that america is going to be a great country again. and that will fix the problems we have at home, and bring together the two parties that are dividing the country, and fighting for different things. i know that this is going to happen. >> we're only going to get out of this together. we're not going to get out of it as a democrat. we're not going to get out of it as republican. we're going to get out of it as an american. >> thank you, ed. thank you, joan. we're going to get on with a program right now. let the introduce the moderator of that program, ron brownstein. on its editorial director of the "national journal," which means he oversees all the little coverage coming out of
. >> we've all heard about this fiscal cliff. that's the convergence of higher tax rates and, of course, all the spending. >> both parties, democrats and the republicans need to come together. >> the our three branches of government, and congress, and the president are equal. and pretty much neither one has the right position for the country. >> i know that america is going to be a great country again. and that will fix the problems we have at home, and bring together...
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May 16, 2012
05/12
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i recognize the fiscal cliff in january 1 but that is not how you run a business. until you see a plan to make it better -- >> simpson-bowles is one plan. i have heard the president expressed his frustration about simpson-bowles and the way the financial and the corporate community has reacted. when it comes to the tax increases, particularly those on the business side, the business runs away. >> i will only speak for myself. we are in. it is a matter of public policy. we would stand up for that in the heart beat. when you start breaking it into pieces, you cannot put it together again. this is a matter of priorities in choices. we can do anything. we are the richest country on the planet. the only thing we cannot do is . how can you not sign up for it in a heartbeat? >> if you asked me, what is the one word that almost everyone can sign onto it would be balanced? -- be balance. can you sell that at the local level? >> we sold it. people bought it. it was real. it was honest. in september of 2008 before we really knew what was going on, i announced to the public th
i recognize the fiscal cliff in january 1 but that is not how you run a business. until you see a plan to make it better -- >> simpson-bowles is one plan. i have heard the president expressed his frustration about simpson-bowles and the way the financial and the corporate community has reacted. when it comes to the tax increases, particularly those on the business side, the business runs away. >> i will only speak for myself. we are in. it is a matter of public policy. we would...
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Nov 27, 2012
11/12
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with common ground in sight, we should be able to act today to avert the fiscal cliff for millions of families and businesses. even if we disagree on whether to extend tax breaks for the wealthiest 2% of americans, we should agree to hold the middle class harmless and do it today, do it mao. a single vote in the house of representatives would get the job done now. unfortunately, there's one obstacle standing between congress and a compromise: grover norquist. for years, no norquist has bulld lawmakers. his brand of ideological extremism has been bad for congress and even worse for the congress. so i was pleased to see republicans in congress distance themselves from norquist this week. i appreciate that etch have. and so do the american people. and i'm sure their constituents do. several republican lawmakers have said revenue should be on the table during fiscal cliff negotiations. how common sense is that? it is absolutely clear to everyone except grover norquist. it is time now for those republicans to turn this happy talk into actions. presidenactions in the last year of president
with common ground in sight, we should be able to act today to avert the fiscal cliff for millions of families and businesses. even if we disagree on whether to extend tax breaks for the wealthiest 2% of americans, we should agree to hold the middle class harmless and do it today, do it mao. a single vote in the house of representatives would get the job done now. unfortunately, there's one obstacle standing between congress and a compromise: grover norquist. for years, no norquist has bulld...
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Nov 29, 2012
11/12
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again, today as we're approaching the fiscal cliff, i hope that this senate works together in a bipartisan -- on a bipartisan basis to work toward tax reform in a way both to increase revenues but also to grow our economy while we look at the important structural reforms we have to make in order to solve the fiscal crisis we face. thank you, mr. president. the presiding officer: the senator from oklahoma. mr. inhofe: mr. president, let me elaborate a little bit on what the senator from ohio just said. i think it's important to remember that the whole idea was a democrat idea, not a republican idea. this is -- some of us remember -- not actually were here at the time but in the 1960's during the kennedy administration -- of course the last time i checked, he was a democrat -- he was the one who made the statement. i have quoted this very often. he said we need more revenue to take care of the great society programs that he had kind of inherited and was furthering. he said the best way to increase revenue is to decrease marginal rates. he did that, i remember one of them was the top rate wen
again, today as we're approaching the fiscal cliff, i hope that this senate works together in a bipartisan -- on a bipartisan basis to work toward tax reform in a way both to increase revenues but also to grow our economy while we look at the important structural reforms we have to make in order to solve the fiscal crisis we face. thank you, mr. president. the presiding officer: the senator from oklahoma. mr. inhofe: mr. president, let me elaborate a little bit on what the senator from ohio...
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Nov 9, 2012
11/12
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we are about to go off the fiscal cliff. would you help me build support for this deal that will have the support of the business community and a supermajority in the senate in a bipartisan way. that would be an interesting phenomenon. at the same time we had an announcement today by simpson and olds, bolstered by something like $35 billion in business support for going aggressively on the road to promote this kind of plan and my guess is that one of the first calls obama will make it to his old friend tom coburn to come in and imagine the power in december if it happens of a meeting at the white house this time coburn on one sideside, simpson-bowles behind you, probably not mitt romney but possibly and jp diamond and jeff immelt and a few other business leaders with you saying we heard the american people's plea for us to finally get together and solve these problems, solve what we did with hurricane sandy. we can do this with the hurricane and the debt in the fiscal cliff coming if only we can get it up to a vote in the ho
we are about to go off the fiscal cliff. would you help me build support for this deal that will have the support of the business community and a supermajority in the senate in a bipartisan way. that would be an interesting phenomenon. at the same time we had an announcement today by simpson and olds, bolstered by something like $35 billion in business support for going aggressively on the road to promote this kind of plan and my guess is that one of the first calls obama will make it to his...
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Oct 24, 2012
10/12
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that is going to be the first thing, the fiscal cliff is there, the pressure in the business community, the campaign has $35 million from the business community already. in part impart to the public relations campaign almost immediately after the election to get the american people thinking about it. and then in part to save some money to help senators or congressmen who may have had that. [inaudible] let's just say that the people that showed some leadership on simpson-bowles, they prevailed with strong presidential leadership and this gets done. the pivot off about, and he say to everybody, everything has been successively done. you bring everyone in a week later and say, you know what? what we did. you dealt with the greatest challenges and we did it with accepting less than what we wanted and taking a little bit of a hit by sharing sacrifice. can we do that on energy? can we do that on education? can we figure out what each side wants and try to get a little bit of it so we can move forward? i think that is good and will prevail. folks, it is going wrong very quickly. i will give y
that is going to be the first thing, the fiscal cliff is there, the pressure in the business community, the campaign has $35 million from the business community already. in part impart to the public relations campaign almost immediately after the election to get the american people thinking about it. and then in part to save some money to help senators or congressmen who may have had that. [inaudible] let's just say that the people that showed some leadership on simpson-bowles, they prevailed...
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Oct 16, 2012
10/12
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cliff, the sequester, obviously, do they all get mixed up in a big soup, and the parties are willing to do more on taxes or less on taxes because they're getting a better deal on nontaxed components. when we try to think about it, it's so hard to -- it's so many different things that are going to be rolled, potentially, to a single, big ball of wax at the end of the day. >> -- work on either side. >> i'd like to disagree with the prior speaker. that compromise are come from the congress -- will come from the congress because it will be a development of what can pass. it pains me to say this, john, but i think it comes from the senate. >> so disappointed -- [laughter] >> two former house -- >> that's painful for me to say. >> i disagree with john buckley on so many issues, over so many years we have fought behind closed doors, we fought in the halls -- but to have that thrown in my face here today. [laughter] >> let me say, and i say this in front of a former senate staffer, it is painful for me to admit it, too, but that's where the 60 vote, you're going to have to cobble something t
cliff, the sequester, obviously, do they all get mixed up in a big soup, and the parties are willing to do more on taxes or less on taxes because they're getting a better deal on nontaxed components. when we try to think about it, it's so hard to -- it's so many different things that are going to be rolled, potentially, to a single, big ball of wax at the end of the day. >> -- work on either side. >> i'd like to disagree with the prior speaker. that compromise are come from the...
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Dec 12, 2012
12/12
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would protect 98% of american families from any increase in income taxes because of the fiscal cliff. i hope that both democrats and republicans in the house agree these working families don't need a tax increase. those who should pay an additional amount are those in the highest income categories. that's what president obama said. when we voted in the senate, we said those making $250,000 or less, those families, should have no increase in the income tax. i appeal to speaker boehner before he takes another recess in the house, please call this measure and pass it. it will give peace of mind to literally millions of american families who are wondering what's going to happen january 1. these are families, many of which, struggle from paycheck to paycheck. they have been falling behind. i get letters from them. from lansing, illinois, linda prototo me and said please vote to keep middle-class taxes from rising. $2,000, which is what they would increase on average, would help me to keep food on the table and gas in my car. it could even help someone else. please vote for the middle clas
would protect 98% of american families from any increase in income taxes because of the fiscal cliff. i hope that both democrats and republicans in the house agree these working families don't need a tax increase. those who should pay an additional amount are those in the highest income categories. that's what president obama said. when we voted in the senate, we said those making $250,000 or less, those families, should have no increase in the income tax. i appeal to speaker boehner before he...
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Nov 13, 2012
11/12
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president, we could avert the fiscal cliff for 98% of mefs and -- american females and 97% of businesses today. the house must consider the bill freezing tax rates for those making lisa less than $250,000 a year. this is congress is one vote away from avoiding the flef. as bill chris toll said this week, -- quote -- "let's have a serious debate. it won't will cil the country if we raise taxes a little bit on millionaires, it really won't" said bill chris toll. solutions are within our grasp. we only have to make the choice to pull together instead of pulling apart. the hands. democratic caucus are reaching toward our republican friends. our republican colleagues. i urge the republicans to join us to do the difficult but necessary work that's ahead. if there is a message to take away from this year's election, it is this: americans are tired of politics of division. they're tired of obstruction and distraction. the american people, democrats and republicans, want cooperation and conciliation. i urge any of my republican colleagues who are considering the same strategy of obstruction to tu
president, we could avert the fiscal cliff for 98% of mefs and -- american females and 97% of businesses today. the house must consider the bill freezing tax rates for those making lisa less than $250,000 a year. this is congress is one vote away from avoiding the flef. as bill chris toll said this week, -- quote -- "let's have a serious debate. it won't will cil the country if we raise taxes a little bit on millionaires, it really won't" said bill chris toll. solutions are within our...
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Nov 20, 2012
11/12
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people talk about the fiscal cliff and the aggregate several things. that is collapsing tax cut. that is one piece of it. the second piece is the sequestration is $100 billion a year being sequestered and cut from the increases come of planned increases in the budget these are not cuts the way that you and i think of cuts. their budget increasing not as rapidly as the various agencies would like them to. 50 billion of that is out of national defence or out of the pentagon and 50 million of that comes out of domestic discretionary and then there is a third subject and that is should there be a grand bargain to trade higher taxes for entitlement reform. then you put a fourth one out there which is we hit the debt ceiling at some point and we will continue. how will the republicans keep obama on a short leash and give an allowance every month in return for better behavior the way that you do with your kids or are they going to let him give him a debt ceiling that goes a long time? what is going to happen? two years ago we faced exactly the situation on the lapsing tax cuts, the 2001
people talk about the fiscal cliff and the aggregate several things. that is collapsing tax cut. that is one piece of it. the second piece is the sequestration is $100 billion a year being sequestered and cut from the increases come of planned increases in the budget these are not cuts the way that you and i think of cuts. their budget increasing not as rapidly as the various agencies would like them to. 50 billion of that is out of national defence or out of the pentagon and 50 million of that...
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Nov 21, 2012
11/12
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coming together to find fiscal solutions will not be easy. but the stakes are high. uncertainty about how the fiscal cliff, the raising of the debt limit and the longer term situation will be addressed appears already to be affecting private spending and investment decisions and may be contributing to the increased caution in the financial markets with adverse effects on the economy. continuing to push the fiscal policy choices will only prolong and intensify these uncertainties. moreover, the details of every agreement is reached to resolve the fiscal cliff are important the economic confidence of both market participants and the general public will also be influenced by the extent to which our political system proves able to deliver a reasonable solution with a minimum of uncertainty and delay. finding a long-term solutions that can win sufficient political support to be enacted me take some time. the meaningful progress towards this end can be achieved now if policy makers are willing to think creatively and work together and constructively. let me now turn briefl
coming together to find fiscal solutions will not be easy. but the stakes are high. uncertainty about how the fiscal cliff, the raising of the debt limit and the longer term situation will be addressed appears already to be affecting private spending and investment decisions and may be contributing to the increased caution in the financial markets with adverse effects on the economy. continuing to push the fiscal policy choices will only prolong and intensify these uncertainties. moreover, the...
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Jul 24, 2012
07/12
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our country faces what has been called a fiscal cliff. unless washington acts, in january taxes will increase across the board, not just on small businesses but on middle-class families and even low-income people. republicans in the house have already voted to approve long-term spending cuts. this month they will vote to stop the tax increases. republicans have a plan to create a healthier economy by making our tax code simpler, flatter, and fairer for all americans. what happens next is in the hands of the democrats in the senate. financial experts have warned that if senate democrats do not act by the end of this year, they could create a worldwide recession. this is very serious harm. democrats appear to be ready to do it. the national democratic leadership has made -- the senate democratic leadership has made it clear that they would let the country go over the fiscal cliff rather than compromise on tax hikes. president obama recently said the same thing. he said, if congress passes reasonable regulation that keeps tax rates where the
our country faces what has been called a fiscal cliff. unless washington acts, in january taxes will increase across the board, not just on small businesses but on middle-class families and even low-income people. republicans in the house have already voted to approve long-term spending cuts. this month they will vote to stop the tax increases. republicans have a plan to create a healthier economy by making our tax code simpler, flatter, and fairer for all americans. what happens next is in the...
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Dec 7, 2012
12/12
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today's discussion on the fiscal cliff clearly exceeds that far. we are honored to have such a thoughtful panel. senator mark warner, senator bob corker, congressman chris van hollen, governor tim pawlenty who is currently president and ceo of the financial services roundtable. moderate in our discussion today is albert hunt. we always love having l over here. he really put limburg on a map in d.c. and yesterday was his birthday so happy birthday. [applause] i'm going to turn things over to tom davis who is the man who really needs no introduction. he has been a great friend over the years. i would be remiss if i didn't give his full official title at deloitte. he is the director of federal government affairs. please join me in welcoming congressman tom davis. [applause] >> thank you and most importantly i left congress undefeated and unindicted so i am very happy about that. on behalf of deloitte i want to thank our all-star panel, senator corker, governor pawlenty, congressman van hollen in senator warner for participating in our all-star moderat
today's discussion on the fiscal cliff clearly exceeds that far. we are honored to have such a thoughtful panel. senator mark warner, senator bob corker, congressman chris van hollen, governor tim pawlenty who is currently president and ceo of the financial services roundtable. moderate in our discussion today is albert hunt. we always love having l over here. he really put limburg on a map in d.c. and yesterday was his birthday so happy birthday. [applause] i'm going to turn things over to tom...
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May 22, 2012
05/12
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you can call this a fiscal cliff you can call it tax-mageddon, as others have done. whatever you call it, it will be a disaster for the middle class and it will be a disaster for small businesses that will be the engine of our economic recovery. now, one thing we hear time and time again from businesses is that uncertainty holds them back from investing, expanding, and hiring. a robust recovery will require permanent pro--growth tax policy, and give -- pro-growth tax policy and given the continued jobs recession and weak economic growth, we need those policies now. economic growth slowed to 2.2% last quarter. for 39 consecutive months, the unemployment rate has remained above 8%. but that only tells part of the story. 12.5 million americans are unemployed, and of those, more than 5.1 million workers have been looking for work for 27 weeks or more. 7.9 million americans are working part-time for economic reasons, and another 2.4 million have only a marginal attachment to the labor force. close to 2 million college graduates are unemployed. growth slowed to a tepid 2.2
you can call this a fiscal cliff you can call it tax-mageddon, as others have done. whatever you call it, it will be a disaster for the middle class and it will be a disaster for small businesses that will be the engine of our economic recovery. now, one thing we hear time and time again from businesses is that uncertainty holds them back from investing, expanding, and hiring. a robust recovery will require permanent pro--growth tax policy, and give -- pro-growth tax policy and given the...
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Nov 2, 2012
11/12
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are we heading for a fiscal cliff. yes. they have backed us to a tax increase corp.er. i'm going do everything i can to keep it from happening again. we should permanently eliminate the death tax. we should put in place the tax relief in 2000 and 2003 so businesses know with certainty what the taxes are going to be next year and the following year and follow thing year. that's the best thing to stimulate the economy. >> moderator: we have to go to break right now. we're getting warmed up here. you're watching the 2012 montana debate. right after this we'll be back. >>> welcome back to twain 2012 the senate debate on mtf. the montana television networking. >> moderator: here in bowsman, our next question comes from jill valley. >> ting goes to congressman rhee rehberg. you touched on the massive fiscal cliff. this is not a good idea. i did not vote for it in the first place. it is a fiscal cliff. it is serious. we need to be serious about it. that's why if we repeal obamacare in january, we will have eliminated that problem. i'm not suggesting that we shouldn't look at e
are we heading for a fiscal cliff. yes. they have backed us to a tax increase corp.er. i'm going do everything i can to keep it from happening again. we should permanently eliminate the death tax. we should put in place the tax relief in 2000 and 2003 so businesses know with certainty what the taxes are going to be next year and the following year and follow thing year. that's the best thing to stimulate the economy. >> moderator: we have to go to break right now. we're getting warmed up...
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Sep 13, 2012
09/12
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the nation's just 3 1/2 months away from going off a fiscal cliff and they actually seem to welcome it, because their overriding goal isn't to help the american people find work, it isn't to get a handle on the debt, it isn't to give small businesses a boost, it's to make government even bigger than it already is. and they're perfectly willing to let the country plunge into an even deeper economic mess to ensure they get the bigger government they want. that's how extreme and washington democrats have become. they're on an ideological crusade. they spent the first two years of this presidency putting their policies in place and when they lost their big majorities in congress, they decided to sit on their hands rather than change their approach as all of these challenges built and built and built. for two years, this president got absolutely everything he wanted legislatively, aided by giant majorities in both houses of congress and goaded on by a chief of staff who told him to brush aside any pleas for bipartisanship. he spent two years putting into place the big-government agenda that
the nation's just 3 1/2 months away from going off a fiscal cliff and they actually seem to welcome it, because their overriding goal isn't to help the american people find work, it isn't to get a handle on the debt, it isn't to give small businesses a boost, it's to make government even bigger than it already is. and they're perfectly willing to let the country plunge into an even deeper economic mess to ensure they get the bigger government they want. that's how extreme and washington...
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Dec 20, 2012
12/12
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and, again, i know there are others who say that this whole debate about the fiscal cliff is really imaginary and simply created by politicians. well, i have to acknowledge, as somebody who spent 20 years in business and a number of years now in elective office, i don't know for sure what the effect would be if we go over the cliff and see taxes go up on all americans to see these across-the-board cuts take pla place. but i do know this. if the chance is only 5% or 10% or 15% that going over the cliff would throw economy back into a deep recession, there would be nothing that would rob more americans and hurt our most vulnerable citizens more than being -- having their house go back underwater because of a rise in interest rates, or that potential of a job disappear because an employer decides to end up no longer active, or that unemployment benefits don't get extended because we chose to punt rather than deal with this issue. and, again, we go over a cliff, and if the chances are only 10% that this throws us back into a deep recession, unlike in the past, unlike the fiscal crisis of 2008, we
and, again, i know there are others who say that this whole debate about the fiscal cliff is really imaginary and simply created by politicians. well, i have to acknowledge, as somebody who spent 20 years in business and a number of years now in elective office, i don't know for sure what the effect would be if we go over the cliff and see taxes go up on all americans to see these across-the-board cuts take pla place. but i do know this. if the chance is only 5% or 10% or 15% that going over...
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Nov 8, 2012
11/12
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we can do this with the hurricane in the fiscal cliff coming if only we can get it up to a vote in the house. that may not happen and it may be that they cannot reach a deal on this plan because there is no procedural way to get a vote that would guarantee a few months down the road that you would actually need those targets. frankly finding a tax reform plan that raises a trillion dollars in revenue is far trickier than the 1986 tax reform that cut rates, broaden the base and eliminate the deduction but was revenue neutral, i was tough enough. but if they can manage to find that we may see that dynamic emerge let me make two other quick points. he was a loser and a winner on tuesday night. a winner because he won his house seat, a loser for the obvious reason but also for a couple of additional ones. it's kind of embarrassing when you are put on the ticket and you can't carry your own state. but also his percentage in his district went down significantly. at the same time, there was no question that paul ryan, who was a national figure but far more recognized by those of us in the int
we can do this with the hurricane in the fiscal cliff coming if only we can get it up to a vote in the house. that may not happen and it may be that they cannot reach a deal on this plan because there is no procedural way to get a vote that would guarantee a few months down the road that you would actually need those targets. frankly finding a tax reform plan that raises a trillion dollars in revenue is far trickier than the 1986 tax reform that cut rates, broaden the base and eliminate the...
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Jul 10, 2012
07/12
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ben bernanke described it as a massive fiscal cliff when testifying before congress. if these tax hikes are allowed to occur, it will raise taxes on virtually all flow-through business income in the united states come january 1, 2013. this is especially harmful to small businesses because the vast majority of small businesses are organized as flow-through business entities, such as partnerships, s corporations, limited liability companies and sole proprietorships. so unless the congress acts to prevent these massive tax increases, the vast majority of small businesses in the united states will be hit with a massive tax increase next year. it is hard to conceive of a greater impediment to job creation. all of these tax increases and economic uncertainty that they cause are going into the investment and hiring decisions of business men and women today. even president obama agrees that two-thirds of the new jobs in our economy are created by small businesses. i don't know anybody that disagrees with that. with unemployment stuck at an unacceptably high level of 8.2%, we
ben bernanke described it as a massive fiscal cliff when testifying before congress. if these tax hikes are allowed to occur, it will raise taxes on virtually all flow-through business income in the united states come january 1, 2013. this is especially harmful to small businesses because the vast majority of small businesses are organized as flow-through business entities, such as partnerships, s corporations, limited liability companies and sole proprietorships. so unless the congress acts to...